ISA 220 (Revised) First-Time Implementation Guide
International Standard on Auditing 220
IAASB
Feb 17, 2022 | Guidance & Support Tools
English
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This non-authoritative First-time Implementation Guide may help stakeholders understand the requirements of the International Standard on Auditing (ISA) 220 (Revised), Quality Management for an Audit of Financial Statements, and implement the standard in the manner intended.
Practitioners are required to have quality management systems designed and implemented in accordance with ISA 220 by December 15, 2022.
This publication does not amend or override ISA 220 or the International Standard on Quality Management (ISQM) 1 or 2, the text of which alone are authoritative. Reading the publication is not a substitute for reading the standards.
Learn more about the IAASB’s suite of quality management standards.
Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.
Related Resources
- 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- 2021 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- Proposed International Standard on Auditing 500 (Revised), Audit Evidence, and Proposed Conforming and Consequential Amendments to Other ISAs
- Proposed Part 10, Audits of Group Financial Statements of the Proposed ISA for Audits of Financial Statements of Less Complex Entities
- Quality Management and Group Audits: Highlighting Certain Aspects of Interaction Between ISA 220 (Revised) and ISA 600
